British luxury fashion brand Burberry is trading down by about 5 percent on Thursday after reporting disappointing Q1 sales.

U.S. investors are wondering if Burberry’s weakness will translate to weak quarters for other luxury retailers like Lululemon Athletica inc. LULU 0.93%, Coach Inc COH 0.67%, Kate Spade & Co KATE 0.66%, Tiffany & Co. TIF 0.24% and Michael Kors Holding Ltd KORS 0.95%.

Burberry’s struggles are nothing new. In fact, the retailer reported disappointing earnings in the last two quarters as well, and the stock is down about 30 percent in the past year.

Fortunately for U.S. investors, Burberry’s performance isn’t necessarily an indication of earnings weakness for U.S.-listed luxury brands. There’s no question that the past year has been difficult for all of these luxury brands, but Coach and Michael Kors have still been…

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